For sale Home

Listed Mar 12, 2026

$699,000 Est. $4,623/mo

6133 Rainbow Heights Road

  • 2

    Beds

  • 1

    Baths

  • 1,826

    Sq ft

The story

Welcome to 6133 Rainbow Heights Rd, an exceptional 4.25-acre investment opportunity in the sought-after hills of Fallbrook. Zoned Agricultural and offering 360-degree panoramic views, this unique property is perfect for those looking to capitalize on multi-family development, generational living, ADU additions, or flip projects. Featuring two existing fixer units, the lot presents immediate upside for investors or owner-builders. Renovate and resell the existing 2bd 1ba detached home and 1bd 1ba ADU, add units for rental income, or design a custom estate with multiple dwellings, the flexibility is unmatched. With existing utilities on site, the path to development is already in motion. Surrounded by custom homes and tucked in a peaceful setting, this is the kind of property where vision becomes reality. Located in the 92028 zip code and just minutes from downtown Fallbrook, Temecula wine country, and North San Diego County, you’ll enjoy easy access to shopping, dining, and freeways while still savoring rural charm. Whether you're building a multi-generational retreat, creating an income-producing property, or searching for a high-upside flip opportunity, this is a rare find in one of Southern California’s most promising investment pockets.

Facts & features

Home type

Home

Year built

1970

Lot size

4 acres

Price per sq ft

$383

Parking

3-car garage

Included features

  • Fireplace

    Yes

  • Roof

    Shingle

  • Sewer

    Unknown

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$4,623 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,720
  • Property tax $699
  • Insurance $204

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

eXp Realty of California, Inc.

Broker Name

eXp Realty of California, Inc.

Agent

Karla Mexia

Location

San Ramon CA 94583